Title
The Founder's Dilemmas: Anticipating and Avoiding the Pitfalls That Can Sink a Startup (The Kauffman Foundation Series on Innova,New
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Often downplayed in the excitement of starting up a new business venture is one of the most important decisions entrepreneurs will face: should they go it alone, or bring in cofounders, hires, and investors to help build the business? More than just financial rewards are at stake. Friendships and relationships can suffer. Bad decisions at the inception of a promising venture lay the foundations for its eventual ruin. The Founder's Dilemmas is the first book to examine the early decisions by entrepreneurs that can make or break a startup and its team.Drawing on a decade of research, Noam Wasserman reveals the common pitfalls founders face and how to avoid them. He looks at whether it is a good idea to cofound with friends or relatives, how and when to split the equity within the founding team, and how to recognize when a successful founderCEO should exit or be fired. Wasserman explains how to anticipate, avoid, or recover from disastrous mistakes that can splinter a founding team, strip founders of control, and leave founders without a financial payoff for their hard work and innovative ideas. He highlights the need at each step to strike a careful balance between controlling the startup and attracting the best resources to grow it, and demonstrates why the easy shortterm choice is often the most perilous in the long term.The Founder's Dilemmas draws on the inside stories of founders like Evan Williams of Twitter and Tim Westergren of Pandora, while mining quantitative data on almost ten thousand founders.People problems are the leading cause of failure in startups. This book offers solutions.
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This product may contain chemicals known to the State of California to cause cancer, birth defects, or other reproductive harm.
For more information, please visit www.P65Warnings.ca.gov.
- Q: What is the main focus of 'The Founder's Dilemmas'? A: The book focuses on the critical early decisions entrepreneurs must make that can significantly impact the success or failure of their startup ventures.
- Q: Who is the author of 'The Founder's Dilemmas'? A: The author of the book is Noam Wasserman, who draws on a decade of research to provide insights into the challenges faced by startup founders.
- Q: What types of decisions does the book address? A: The book addresses decisions regarding cofounding with friends or relatives, equity splits among the founding team, and when a founder-CEO should exit or be replaced.
- Q: How does 'The Founder's Dilemmas' help founders avoid pitfalls? A: It offers solutions and strategies to anticipate, avoid, and recover from common mistakes that can lead to team conflicts and financial losses.
- Q: Is 'The Founder's Dilemmas' based on research? A: Yes, the insights in the book are based on extensive research, including quantitative data from nearly ten thousand founders.
- Q: What can readers expect to learn from this book? A: Readers can expect to learn about the common pitfalls in startup founding and practical advice on managing relationships and decision-making to enhance startup success.
- Q: What is the format of 'The Founder's Dilemmas'? A: The book is available in hardcover format and consists of 480 pages.
- Q: When was 'The Founder's Dilemmas' published? A: The book was published on March 25, 2012.
- Q: What category does this book belong to? A: The book is categorized under Venture Capital.
- Q: Who would benefit from reading 'The Founder's Dilemmas'? A: Entrepreneurs, startup founders, and anyone interested in the dynamics of starting a business will find this book particularly beneficial.